Business
‘Couldn’t come at a better time’: Manufacturers hail $1.5b funding promise – Sydney Morning Herald
Manufacturers have welcomed the government’s promise of extra funding, but have called on it to do more to boost productivity and create demand.
“It’s exactly what we need and couldn’t come at a better time,” he said. “It’s new money that they’ve announced.”
The government’s package will be spread across the six priority areas of resources technology, food and beverage, defence and space, recycling and clean energy, and medicine.
It includes a $1.3 billion modern manufacturing initiative that offers grants for major projects commencing in 2021, a manufacturing modernisation fund that will offer $52.8 million in grants to local companie…
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